World gold prices continued to decline sharply with spot gold down 42.7 USD to 2,378 USD/ounce. Gold futures last traded at 2,382.1 USD/ounce, down 43.7 USD compared to yesterday morning. The world precious metals market continues to be pressured by the policy stance of the US Federal Reserve (Fed) after the meeting minutes ended earlier this month. According to...
After reaching 2,450 USD/ounce in the previous trading session, today's gold price on the international market has cooled down but not significantly. At 6 a.m. on May 22, the world gold price was trading at 2,422 USD/ounce, down 6 USD compared to the price at the same time the previous day which was 2,428 USD/ounce. Analysts say international gold prices cool...
World gold prices decreased with spot gold down 5.2 USD to 2,420.7 USD/ounce. Gold futures last traded at 2,425.2 USD/ounce, down 4.9 USD compared to yesterday morning. On May 21 (US time), gold was under profit-taking pressure after this precious metal hit an all-time high earlier this week. However, this precious metal still remains firmly above the level of...
World gold prices increased with spot gold increasing by 9.2 USD to 2,425.9 USD/ounce. Gold futures last traded at 2,430.3 USD/ounce, up 12.9 USD compared to yesterday morning. Although the price of the yellow metal inched up slightly compared to yesterday morning, it has dropped sharply compared to the increase during the day. Previously, gold had conquered a...
World gold prices skyrocketed as the level of inflation, and its series of impacts on US monetary policy, boosted demand for holding the precious metal. On the other hand, gold prices are also supported by increased reserves at the Central Bank of China. However, analysts at Kitco Metals believe that today's increase in gold prices mainly stems from risk...
World gold prices tend to increase with spot gold increasing by 2.3 USD compared to last week's closing level to 2,416.7 USD/ounce. Last week, world gold prices fluctuated strongly as the market continuously received important economic data along with statements from US Federal Reserve (Fed) officials. This precious metal started the trading week at 2,361.17...
World gold prices increased in the context of a sharp decline in the USD index in recent days and continuous gold purchases by central banks around the world. Gold prices turned positive for the week early Wednesday morning as the US April CPI report showed an improvement over the previous month. By Friday, the bullish trend had returned sending gold prices in...
Gold prices steadied in Asian trading today after posting strong overnight gains as some mild inflation data dragged the dollar to a one-month low and raised expectations of a rate cut. capacity. The yellow metal has now returned to record highs reached in May, as traders bet more that the US Federal Reserve (FED) will start cutting interest rates as soon as...
World gold prices turned down with spot gold dropping 9.5 USD to 2,375.5 USD/ounce. Gold futures last traded at $2,380.90 an ounce, down $14 from the bright spot. According to Kitco Metals senior analyst Jim Wyckoff, gold turned around due to normal pressure after recent gains. On that side, the recovery of the US Dollar index also added strength to gold. The...
Cooling US inflation pushed gold prices up nearly 30 USD an ounce, and helped Wall Street set a new record. Closing the trading session on May 15, each ounce of world gold for immediate delivery increased by 27 USD to 2,385 USD. During the session, gold price at one point touched 2,390 USD - the highest in nearly a month. The market went up due to the weakening...
World gold prices increased sharply with spot gold increasing by 27.4 USD to 2,385 USD/ounce. Gold futures last traded at 2,391.8 USD/ounce, up 31.9 USD compared to yesterday morning. Gold prices rose to their highest level in more than 3 weeks on May 15 (US time) thanks to support from the weakness of the greenback and falling yields after the latest inflation...
Gold prices in Asia increased in the afternoon trading session on May 14, as the market is awaiting important inflation reports expected to be released this week, for more clues about the speed and scale of interest cuts. interest rate of the US Federal Reserve (Fed) this year. Spot gold price increased 0.2% to 2,338.78 USD/ounce, while gold futures price...
World gold prices increased with spot gold increasing by 21.9 USD to 2,357.6 USD/ounce. Gold futures last traded at 2,363.6 USD/ounce, up 21.1 USD compared to yesterday morning. Weakness in the USD and Treasury yields following US producer price data for April provided a boost to the yellow metal. The dollar fell 0.2% after US data made gold cheaper for buyers...
World gold prices decreased with spot gold down 27.2 USD to 2,335.7 USD/ounce. Gold futures last traded at 2,342.2 USD/ounce, down 32.8 USD compared to yesterday morning. Short-term futures traders rushed to book profits after recent gains put pressure on the yellow metal in early trading of the week. Meanwhile, the market is still waiting for further data to...
Gold prices fell in today's Asian session, consolidating some recent gains as traders turned more biased towards the dollar ahead of key US inflation data later in the week. The yellow metal saw some strength last week as some signs that the US economy was cooling sparked speculation of a rate cut by the US Federal Reserve (FED). capacity in 2024. However, gold...
World gold prices last week mainly maintained a recovery trend. At the beginning of the trading week, precious metal prices were listed above 2,300 USD/ounce and spent most of the trading week in the range of 2,310-2,330 USD/ounce. During the trading session on May 10, the world gold price at one point recovered to 2,375 USD/ounce. However, the upward momentum...
World gold prices tend to increase with spot gold increasing by 3.2 USD compared to last week's closing level to 3,362.9 USD/ounce. Last week, the yellow metal posted modest gains as expectations that the US Federal Reserve (Fed) would loosen policy this year increased following weak economic data. Experts say that next week is an important time to decide whether...
Gold prices today jumped sharply after a number of major central banks decided or signaled their readiness to cut interest rates in the future. In Sweden, the country's central bank cut interest rates by 0.25 percentage points to 3.75%. The Bank of England (BoE) announced to keep interest rates unchanged at 5.25% and hinted at an upcoming interest rate cut when...